By D. C. M. Platt (auth.)
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60 An average is as much as can be expected. But these and the natural return of choice securities into domestic hands could make a great deal of difference to the final 'stock' figure. 48 The Direct Method Reassessed DEFAULTS AND LOSSES Redemptions were only one side of the coin; the other was capital wastage and loss. SO million for govemments - over the whole period 1870 to 1913. 61 The assumption of equality for the rate both of horne and overseas company insolvency that lies behind this calculation is curious, and has since been corrected.
7 billion figure (unacknowledged) is almost exactly the figure in Paish (1914). 35. H. W. 110. 36. United Nations, International Capital Movements during the Inter-War Period (New York, 1949) p. 3, fn. 3. 37. League of Nations, The Course and Phases of the World Economic Depression (Geneva, 1931) p. 28. Tbe League did not give its sourees, but it was quite obviously drawing on Paish. 38. Paish (1914), p. v. 39. Paish (1911), pp. 167,187. 40. Paish, The Economic Interdependence of Nations (1918) p.
Wilkins, letter to author, 26 February 1985. S. ', slightly reworded in the published version: Economic History Review, 2s. XXXVIII, 4 (1985) p. 492-3. P. Clarke, 'Guessing at the Future', Times Literary Supplement, 21 June 1985, p. 683. S. Bourne, Trade, Population and Food: ASeries 01 Papers on Economics and Statistics (London, 1880), and his previous article in the Journal 01 the Statistical Society (March 1877). Robert Giffen, 'The Use of Import and Export Statistics', Journal 01 the Statistical Society (June 1882) pp.
Britain’s Investment Overseas on the Eve of the First World War: The Use and Abuse of Numbers by D. C. M. Platt (auth.)